Sid Bought a New $180,000 Seven-Year Class Asset on August

question 52

Essay

Sid bought a new $180,000 seven-year class asset on August 2,2014.On December 2,2014,he purchased $24,000 of used five­year class assets.Sid does not take additional first­year depreciation if available.If Sid elects § 179,what is the maximum write-off for these purchases for 2014?

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Definitions:

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